Adani Group’s Striking Rise Since 2014 Sparks Global Speculation
By Nantoo Banerjee The majority government-owned Life Insurance Corporation of India’s detailed rebuttal to The Washington Post report claiming that the government directed LIC to invest $3.9 billion in the Adani group seems to lack the punch. A comparison of the lately sprouted Adani Group with some of India’s age-old business conglomerates such as […]
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By Nantoo Banerjee If global oil giant BP plc’s ‘Energy Outlook 2025’ proves to be true, India will be a global leader in energy consumption, outpacing all other countries by 2050. The country will account for 12 percent of the global demand, up from seven percent from 2023, according to BP’s chief economist Spencer Dale. […]
By Nantoo Banerjee One’s pain could be another’s gain. The phrase aptly describes those big business gainers across the world out of the three-and-a-half-year-old Russia-Ukraine war, killing thousands of soldiers and civilians on both sides. The list of such gainers may be short but very impressive. They include some of the giant US defence manufacturers […]
By Nantoo Banerjee Come August 27, the picture of the Indo-US trade may show a considerable change. India’s merchandise exports to the US will be generally subjected to a 50 percent import tax from that date. A few categories, including drugs and pharmaceuticals, have been exempted. The reason advanced by US President Donald Trump for […]
By Nantoo Banerjee The regular news feed by India’s Enforcement Directorate on alleged massive money laundering by the Reliance Anil Ambani Group (RAAG), which is also known as the Anil Dhirubhai Ambani Group (ADAG), seems to have been designed more to create an abominable sensation around the flamboyant entrepreneur than any other serious purpose. The […]
By Nantoo Banerjee US President Donald Trump is becoming increasingly unpredictable, if not crazy, with his freakish combination of styles to deal with countries and issues – from trade to diplomacy. The 25 percent import tariff on India since last Friday may not considerably hurt India’s export trade with the US, but it threatens to […]
By Nantoo Banerjee The European Union seems to have arrogated itself with extrajudicial power to prevent outside nations from purchasing Russian oil. It has no locus standi to impose its will on countries which are not members of EU. Thus, the latest expansion of the EU sanctions targeting Russian energy exports can legally cover only […]
By Nantoo Banerjee With the country’s consumer price inflation rate hovering around 3.20 percent in the last two years, the Reserve Bank of India’s latest decision to cut the bank rate by 50 basis points, the third consecutive reduction since February this year, may be understandable. However, it seems to have come at the wrong […]
By Nantoo Banerjee It is good to know that the government is already cautious about the possible increase in Chinese export trade and investment to India to exploit both the local market as well as to push exports to the USA taking advantage of the massive US import tariff difference between India and China. India […]
